SOCWORK 2B03 Lecture Notes - Lecture 2: Monetarism, Limited Government, Structural Adjustment
30 Oct 2017
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Document Summary
Social welfare: system of interventions and constructs that support the well being of people (political, economic, societal values) Social policy: course of action that is chosen within a framework of social welfare (government) Social programs: the delivery mechanisms of social policies (non profit and public organizations: classic conservatism, bishop. Liberalism and conservatism are switching and changing constantly: conservative perspectives: In economic hardship- government should go into deficit because they will make it back up when the economy is good. Liberal perspectives: politically, social inequality is inevitable but government should step in to ease the experience. Individualism and freedom meets humanity: pragmatism (less ideological, government should have some involvement in the free market. Insurance and universal programs: economically, market needs involvement to best support the best interests of citizens, fiscal policy to control aggregate demand and stimulate employment, unemployment leads to overproduction of goods and economic vulnerabilities.
